P. 29 of 139 In the event of an opening of a assets liquidation proceedingsfollowing the confirmation of the arrangement by the competent court under the conditions set forth in article 15 hereinafter, individuals who, in this composition, had consented to bring a new cash contribution to the debtor to ensure the continuation of the business activity of the debtor company and its sustainability shall be paid in respect of the privilege according to the ranks provided by articles 166 and 167 hereinafter.
Individuals who provide, under the same conditions, a new good or service to ensure the continuation of the business activity of the debtor company and its sustainability shall enjoy the same priority for the price of such good or service.
This provision shall not apply to contributions made for the increase of share capital of the debtor.
The creditors of the debtor cannot benefit from that privilege for claims incurred prior to the commencement of the preventive settlement.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 28
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